75% of homeowners do not think house prices will fall any further in 2009 according to a survey ran by Rightmove. Miles Shipside said that this optimism is down to "a general feeling" that the housing market has bottomed.
I think it is more down to the type of website that Rightmove is. Yes, Rightmove has a massive share of the UK property sales market, and most properties sold throughout the UK, will be advertised on Rightmove.
But we must not forget that Rightmove it is a property sales site, so the people who have taken the Rightmove survey are the people who have decided to sell their house, and therefore the people who have a certain degree of faith in the housing market and house prices. I think that is what has been reflected in the results of the survey.
Another factor I can't ignore is the fact that Rightmove does not allow private sellers to advertise their properties on the site, it is 100% estate agent. So you have to consider that any survey conducted by Rightmove may be influenced by estate agents who wish to create a positive market.
Yeah its not only the case of UK but worldwide home prices are falling and people are buying them. I would suggest this is the best time to buy houses because as per real estate experts this economic crisis has crossed its worst phase and now we can see it improving over the time.
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